The FT reports:
Billions of euros of EU funds to promote growth in Europe’s rundown regions are lying idle because cash-strapped national governments cannot find the necessary matching funds to release the money.
But this is not just an EU problem. I was talking to a charity trustee the other day who said fund raising was now near impossible. So many grants are conditional on “march funding” — often secured from local authorities. and there are no match funds now so things like lottery grants are also drying up because they cannot fund projects by themselves.
So much for the Big Society.
It looks more like the Big Scrap Heap for Society to me.
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The splendid campaign mounted by Tax Research UK is without doubt making a huge contribution towards heightening public awareness to tax evading on a massive scale. And “offshore secrecy jurisdictions” may soon receive their long overdue comeuppance.
The PSG has campaigned for over eight years on a number of issues relating to alleged illegal activities in the Crown Dependencies — Isle of Man, Jersey and Guernsey. Ironically, like Al Capone, it may be tax dodging that finally nails them.